Zeta Global Holdings Corp. (NYSE:ZETA) Receives $30.77 Consensus PT from Brokerages

Zeta Global Holdings Corp. (NYSE:ZETA) has been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $30.7692.

Several equities research analysts recently commented on ZETA shares. Freedom Capital cut Zeta Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. The Goldman Sachs Group set a $28.00 price target on Zeta Global and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Bank of America increased their price target on Zeta Global from $29.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Royal Bank Of Canada raised their price objective on shares of Zeta Global from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Zeta Global in a research note on Friday, July 17th.

Zeta Global Trading Up 0.1%

ZETA opened at $30.56 on Wednesday. Zeta Global has a twelve month low of $14.36 and a twelve month high of $30.84. The company has a fifty day moving average of $23.62 and a 200-day moving average of $19.89. The stock has a market cap of $7.67 billion, a PE ratio of -1,528.00, a price-to-earnings-growth ratio of 4.31 and a beta of 1.39. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.21.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.17). Zeta Global had a negative net margin of 0.15% and a positive return on equity of 5.32%. The firm had revenue of $442.77 million for the quarter, compared to the consensus estimate of $420.61 million. During the same period last year, the company posted ($0.10) EPS. The business’s revenue was up 43.6% compared to the same quarter last year. On average, sell-side analysts predict that Zeta Global will post 0.21 EPS for the current year.

Insider Buying and Selling

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $19.89, for a total value of $149,175.00. Following the completion of the sale, the director directly owned 50,350 shares in the company, valued at approximately $1,001,461.50. This trade represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 10.74% of the company’s stock.

Hedge Funds Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Zeta Global by 6.1% in the 4th quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company’s stock worth $469,094,000 after purchasing an additional 1,325,717 shares in the last quarter. Royal Bank of Canada increased its stake in Zeta Global by 69.8% during the 1st quarter. Royal Bank of Canada now owns 558,179 shares of the company’s stock valued at $8,887,000 after purchasing an additional 229,533 shares in the last quarter. Cetera Investment Advisers increased its stake in Zeta Global by 133.5% during the 1st quarter. Cetera Investment Advisers now owns 79,181 shares of the company’s stock valued at $1,261,000 after purchasing an additional 45,264 shares in the last quarter. California State Teachers Retirement System raised its holdings in Zeta Global by 31.7% during the first quarter. California State Teachers Retirement System now owns 227,521 shares of the company’s stock worth $3,622,000 after buying an additional 54,703 shares during the last quarter. Finally, Strs Ohio raised its holdings in Zeta Global by 1,102.2% during the first quarter. Strs Ohio now owns 54,100 shares of the company’s stock worth $861,000 after buying an additional 49,600 shares during the last quarter. Institutional investors own 87.75% of the company’s stock.

Zeta Global Company Profile

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.